Gastar Exploration (GST)

Market for Registrants Common Equity and Related Shareholder Matters and Issuer Purchases of Equity Securities

PART II

Item 5.

Market for Registrants Common Equity and Related Shareholder Matters and Issuer Purchases of Equity Securities

STYLE="margin-top:6px;margin-bottom:0px">Market Information

Ourcommon shares are traded on the NYSE Alternext US LLC (formerly the American Stock Exchange) under the symbol GST and the Toronto Stock Exchange under the symbol YGA.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">The following table sets forth the high and low sale prices of our common shares as reported on the NYSE Alternext US LLC and as reported on the TorontoStock Exchange for the periods presented.

NYSEAlternext US LLC (1)

TorontoStock Exchange

High

Low

High

Low

2008:

Fourth quarter

$

1.30

$

0.08

CDN$

1.34

CDN$

0.30

Third quarter

$

2.72

$

1.16

CDN$

2.91

CDN$

1.29

Second quarter

$

2.75

$

1.15

CDN$

3.00

CDN$

1.21

First quarter

$

1.51

$

0.90

CDN$

1.47

CDN$

1.47

2007:

Fourth quarter

$

1.87

$

0.90

CDN$

1.71

CDN$

0.90

Third quarter

$

2.25

$

1.40

CDN$

2.49

CDN$

1.40

Second quarter

$

2.35

$

1.94

CDN$

2.70

CDN$

2.00

First quarter

$

2.41

$

1.50

CDN$

2.78

CDN$

1.81

(1)

Prior to October 1, 2008, our common shares were traded on the American Stock Exchange. Effective that date, the American Stock Exchange was acquired by the NYSE Alternext USLLC.

The last reported sale prices of our common shares on the NYSE Alternext US and the Toronto Stock Exchange onMarch 10, 2008 were $0.46 and CDN$0.57, respectively.

PART III

Item 10.

Directors and Executive Officers and Corporate Governance

The information regarding directors, executive officers, promoters and control persons required under Item 10 of Form 10-K will be contained in our Definitive Proxy Statement for our 2009 Annual Meeting of
Stockholders (the Proxy Statement) under the headings Information about Directors, Director Nominees and Executive Officers, Section 16(b) Beneficial Ownership Reporting Compliance, Corporate
GovernanceCode of Ethics, Corporate GovernanceNomination of Directors, and Committee InformationAudit Committee and is incorporated herein by reference. The Proxy Statement will be filed with the
Securities and Exchange Commission pursuant to Regulation 14A of the Exchange Act, as amended, not later than 120 days after December 31, 2008.

Item 11.

Executive Compensation

The
information required under Item 11 of Form 10-K will be contained in the Proxy Statement under the heading Executive Compensation and is incorporated herein by reference.

The information required under Item 12 of Form 10-K will be contained in the Proxy Statement under the heading Security Ownership of
Certain Beneficial Owners and Management and is incorporated herein by reference.

FACE="Times New Roman" SIZE="2">The information regarding directors, executive officers, promoters and control persons required under Item 10 of Form 10-K will be contained in our Definitive Proxy Statement for our 2009 Annual Meeting ofStockholders (the Proxy Statement) under the headings Information about Directors, Director Nominees and Executive Officers, Section 16(b) Beneficial Ownership Reporting Compliance, CorporateGovernanceCode of Ethics, Corporate GovernanceNomination of Directors, and Committee InformationAudit Committee and is incorporated herein by reference. The Proxy Statement will be filed with theSecurities and Exchange Commission pursuant to Regulation 14A of the Exchange Act, as amended, not later than 120 days after December 31, 2008.

Item 11.

Executive Compensation

Theinformation required under Item 11 of Form 10-K will be contained in the Proxy Statement under the heading Executive Compensation and is incorporated herein by reference.

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The information required under Item 12 of Form 10-K will be contained in the Proxy Statement under the heading Security Ownership ofCertain Beneficial Owners and Management and is incorporated herein by reference.

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The information required under Item 13 of Form 10-K will be contained in the Proxy Statement under the heading Committee Informationand is incorporated herein by reference.

Item 14.

Principal Accountant Fees and Services

SIZE="2">The information required under Item 14 of Form 10-K will be contained in the Proxy Statement under the heading Independent Accountant, Fees and Policies and is incorporated herein by reference.

The financial statements are set forth beginning on Page F-1 of this Form 10-K.Financial statement schedules have been omitted since they are either not required, not applicable, or the information is otherwise included.

Market for Registrants Common Equity and Related Shareholder Matters and Issuer Purchases of Equity Securities

PART IV

Item 15.

Exhibits, Financial Statement Schedules

SIZE="2">(a)-1 Financial Statements and Schedules:

The financial statements are set forth beginning on Page F-1 of this Form 10-K.Financial statement schedules have been omitted since they are either not required, not applicable, or the information is otherwise included.